I have no pity for the borrowers or the lenders. They all knew it was a risk, the lenders most of all.
One thing that gets me is the the financial pundits adn big wigs keep screaming for teh fed or the government to come to their relief. Where these nto teh same people that for so many years screamed against government intervention in the markets?
Dude, these stories are not intended to elicit sympathy for the borrowers or lenders. They’re a warning to how this mess will impact the larger economy.